MPs put to task National Bank on the proposed take-over by KCB

Kenya National Bank. [Beverlyne Musili/Standard]

National Bank of Kenya (NBK) officials have been put to task over claims of underhand dealings being cut in the proposed multi-billion takeover of the lender by KCB Bank.

NBK officials, however, said they were unaware of the takeover bid details as KCB had only given them a notice of intention, adding that full details will be shared out to them by the Capital Markets Authority (CMA).